Is President Trump's Tariff Package Against China Feasible?

Senior aides said the tariff amount was US$30 billion earlier, but Trump asked to double the amount.

The risk of an escalation in which there were a broad-based tariff across a range of Chinese goods followed by a response from Beijing that was commensurate with this would cause a hit to USA and Chinese growth, a rise in US inflation and possibly prompt China to take domestic action to boost growth. Harbor Intelligence said on March 1 that Trump's aluminum tariffs would boost production jobs by about 1,900, but 23,000 to 90,000 US manufacturing job will be lost. Only countries with a US security relationship are eligible, and they must propose alternative ways of addressing administration concerns over rising import figures.

Trump recently imposed steel tariffs, a 25 percent on imported steel and 10 percent tariff on imported aluminum, which analysts say could hurt close allies in Europe more than Beijing. That and other trade actions from the Trump administration, have triggered talk of a global trade war. On a call with reporters to explain the move, a senior administration official provided conflicting statements about whether all countries or just those with USA security ties could seek waivers.

In 2017, the United States imported 34.6 million metric tons of steel from 85 countries. Trump's tariff orders affect semifinished steel, such as ingots and slabs, and many kinds of finished steel products, including pipe and tubes, cold and flat rolls, bars and rods. Generally speaking, if industry A in the US economy might feel some momentary relief from foreign competition through one set of tariffs, then industry B in the USA economy may face higher priced imported inputs that it must use to make exported goods to sell into a highly competitive world market and thus be adversely affected, either because those higher input costs due to the higher USA tariffs hobble their price positions, because other national governments place pressures upon purchasing decisions to steer away from USA -made products in retaliation, or both.

The letter points out that the USA levies the highest tariffs on basic consumer goods, which force families shopping in American stores pay higher prices because America already levies import taxes as much as 32 and 67% on basic clothes and shoes.

China has vowed to take retaliatory measures in response.

In issuing the tariffs, Trump moved to fulfill a campaign promise to aid domestic steelworkers and get tough on trade rivals, whom the president blames for America's industrial and economic troubles.

Google to spend $395m on push to fight fake news
In a blog post published this morning, Google's chief business officer Philipp Schindler, wrote: "We need to do more". He added: "Over the next three years, we're committing $300 million toward meeting these goals".

Hubert de Givenchy, French fashion icon dies at 91
Hubert de Givenchy was the noblest of French designers, known for his own personal elegance and impeccable manners. He was succeeded by a number of famed designers, including John Galliano, Alexander McQueen and Julien MacDonald.

Alibaba doubles down on investing in Lazada Group
Alibaba has previously invested $2 billion in the Singapore-based firm, bringing its total investment to $4 billion. Peng is also a senior partner at Alibaba and executive chair at Ant Financial , the payments affiliate of Alibaba.

US Could Impose New Tariffs on China This Week
Senior aides had provided the President with a $30 billion tariff package but Trump ordered them to double it. About 40 million tonnes of steel are imported into the European Union each year.

Audi to build four-door electric sports auto in 2020
The automaker announced the new model at its annual press conference this week and released a sketch of a prototype version. This SUV allows fast-charging at up to 150 kW, making it ready for long-distance use again in less than half an hour.

Del Potro beats Federer in Indian Wells thriller
Needless to say, Juan Martin del Potro was pretty excited to win a thrilling final over Roger Federer in Indian Wells on Sunday. Federer battled back in the second set, forcing a tiebreaker and avoiding match point after del Potro netted a forehand.

Giants Make Two Big Free Agency Signings On Opening day
Solder alone can't fix the issues that have surrounded an atrocious offensive line that, for years, has been a major weak spot. Without Solder, the Patriots have a massive void at left tackle, where he started for the majority of the past seven seasons.

Michael Crabtree signs 3-year deal with Ravens
Two years ago, Crabtree had seven catches for 88 yards and three touchdowns during a 28-27 Raiders win at M&T Bank Stadium. He has also twice surpassed 1,000 receiving yards, tallying a career-high 1,105 (on 85 receptions) in 2012.

Fortnite Mobile Rakes in $1 Million in First Three Days
In addition to this, it appears to be punching above its weight when compared to other giant mobile game hits of recent years. Players who do receive invites from Epic will also get additional friend invite codes to share with friends.

Painter still doesn't expect Haas to play in tourney
Painter said Saturday that Haas will still need surgery at some point, and if he were to play, he'd need to have a brace approved. But I've been able to look at it and see - he just went through things today and just getting loose and everything.